“We’re very pleased to be supporting Curve as it continues its mission to free people’s finances and move banking to the cloud.” – Husayn Kassai, CEO, Onfido
Curve is now the hottest FinTech company to register for Onfido‘s biometric onboarding alternative.
Located in the united kingdom, Curve provides a banking system designed to incorporate multiple disparate cards and balances into one program and cardthe platform especially incorporated service for Samsung Pay final fall.
Currently, the startup will utilize Onfido’s AI-driven identity verification solution to permit customers to sign up. The biometric procedure only asks end users to have a selfie in addition to capture pictures of the official government-issued ID. The selfie is matched to the picture on the identity record with facial recognition, enabling a new client to be assessed and onboarded in under a minute.
Commenting on the venture, Onfido CEO Husayn Kassai voiced his excitement for its integration, saying he’s a Curve user and “a big fan”. Kassai also emphasized the elegance of Onfido’s solution and the advantages it will bring about the Curve system and its customers.
“Because our machine learning models continuously learn to identify new fraud trends, we can enable Curve to onboard more users quickly without compromising on their fraud requirements,” he explained. “This helps build user trust and safety online while meeting KYC and AML regulations.”
The partnership gives the most recent sign of a surge of interest in Onfido’s selfie high-tech technologies, attributable at least in part into the COVID-19 pandemic along with the attendant growth in the use of distant, digital providers. Onfido reported year-over-year earnings expansion of 40 percentage earlier this month, using a 264 percent spike from the USA.